Entire city block development site

Overview

Opportunity to acquire an entire city block, zoned and ready for development of either residential condo or rental use. This transit-oriented 22,008 SF site is located 400 m to the Joyce-Collingwood SkyTrain station, within walking distance to schools, parks and an incredible variety of commercial amenities.

RM-10N zoning allows up to 6 storeys / 2.60 FSR of market density without rezoning. This flexible designation permits the option of ground floor commercial in a mixed-use building or 100% residential (strata or market rental) and has a relatively affordable fixed rate density bonus, avoiding expensive and time-consuming CAC negotiations.

Highlights

• Entire city block – 22,008 SF total site area
• 216 feet of frontage on Joyce Street
• No rezoning required – straight to DP
• Fixed-rate density bonus of $16.38 PSF (NO CAC if Rental)
• Zoned for up to 6-storeys / 2.60 FSR
• Option for ground floor commercial in a mixed-use building or 100% residential
• Slope of site beneficial for parkade access and views

Location

The property is located in the Joyce-Collingwood neighbourhood, an up-and-coming area of the city. The site is a 5-minute walk to the Joyce-Collingwood SkyTrain station and within 500 m of multiple schools, parks, and one block north of amenity rich Kingsway. Notable retailers including Safeway, London Drugs, multiple bank branches and an incredible variety of restaurants and cafes are all within a 10-minute walk of the property.

The neighbourhood is undergoing a transformation building on the Joyce-Collingwood Station Precinct Plan approved in 2016 and subsequent pre-zoning of sites in the area, including the subject. Construction is underway on a new 6-storey strata building (“Aura”) opposite the site on Joyce Street which sold out all 46 units after only 2 months on the market.